Top Long-term Care Insurance Companies

How to Know If You Are a Caregiver

What is Long-term Care Insurance?

Long-term care insurance provides benefits for those with functional or cognitive impairment.

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The Benefits of Long-term Care Insurance:

As you age, you may find that you need help with dressing, bathing, or other activities of daily living (ADLs) due to a decrease in mobility or physical or mental disability. Such needs are often not covered by traditional health insurance (including Medicare). This is where long-term care can help.

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How to Decide of it’s Right For You:

As you review your options with what each company offers be sure to consider the cost, rate increases, monthly benefits and what waiting period you are required to follow prior to the insurance being effective (i.e. 90 days or more).

Top Recommendations

These are our favorite and recommended products, as researched by the Caring Village team.

Agent Review

Agent Review gives insurance shoppers access to fully vetted and professional agents who are experts in the long-term care insurance marketplace. They will guide you through the ins and outs of the process and make sure you get the policy that best suits your situation and your family’s future.

GoldenCare

GoldenCare Long-Term Care Specialists work one-on-one to educate you on all of your coverage options and to help guide you in your LTC planning with more than 10,000 GoldenCare independent agents servicing various areas including Long-Term Care, Medicare Advantage, and Medicare Supplement. All of their products are hand-selected from top-rated carriers in the long-term care insurance industry.

LTC Resource Center

LTC Resource Centers is an independent Managing General Agency that has been providing solutions to chronic health care needs (dependency) for over four decades. Their product portfolio includes; long-term care insurance, short-term care, linked or combo products, Medicare supplements, life insurance, critical illness, and annuities.

LTC Financial Solutions

Industry Experience

LTC Financial Solutions, LLC is composed of long-term care specialists with over 65 years of experience. LTC Financial Solutions, LLC specialists make searching for long-term care insurance easier by assisting clients to find long-term care solutions that are tailored to their needs.

CLTC Insurance Services

CLTC Insurance Services provides long-term care solutions all over the nation by shopping all insurance companies for the best options and discounts available for your unique situation. CLTC emphasizes that they work for you and not the insurance company.

Mutual of Omaha

Mutual of Omaha offers a large number of policies and plans that are designed to meet individual needs and budgets. These come with different features that ensure your long-term care plan is able to handle future needs. You have the option to choose how to receive policy benefits.

New York Life

New York Life is a leading financial service provider backed by its strong capital position. It is one of the largest mutual life insurance companies in the country today and is rated A++ by AM Best. With its strong financial ratings, the company is positioned to be a reliable company for its long-term care customers now and in the future. Whether through traditional long-term care insurance or a combination with life insurance, New York Life has the expertise and strong planning strategy to support your individualized needs.

MassMutual

MassMutual is one of the biggest and leading insurance providers in the country today. The company enjoys high financial scores from some of the most credible financial rating sites including AM Best and Moody’s. With good financial standing, the company is poised to provide long-term care insurance services well into the future.

Northwestern Mutual

Northwestern Mutual is a rock-solid provider of long-term care insurance with sound financial backing. The company offers a comprehensive list of plans and benefits that are up to par with the best plans being offered today. Northwestern Mutual offers automatic inflation protection at 3, 4, and 5%. This means that a similar plan without inflation protection, which provides a $100 daily benefit, could be enhanced to a $200 daily benefit with inflation protection.

Genworth Financial

Genworth Financial offers a range of products and services, including long-term care insurance and mortgage insurance. In 2016, the company suspended sales of annuities and life insurance, putting the existing books of business into a runoff. In 2012, Genworth’s U.S. companies paid over $3.2 billion in benefits to life insurance, long-term care insurance, and annuity policyholders and beneficiaries. The company provides individual long-term care insurance, group long-term care insurance for employers offering benefits to employees, and caregiver support services.

Transamerica Long-Term Care

Transamerica offers a variety of financial services and is considered one of the top insurance services in the country today. The company aims to make long-term insurance more available by providing a myriad of solutions that includes tax-qualified and inflation-protected plans to make LTC more affordable and effective.

Acsia Partners LLC

ACSIA Partners, LLC is one of the largest distributors of long-term care and related insurance products and services in the country. They work closely with the top LTCi companies, complementing their customer service and providing education, planning recommendations and resources that best meet your individual needs.

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